Simberi Gold Corporation: Press Release.TORONTO -- Simberi Gold Corporation (the "Corporation")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SAU SAU Saudi Arabia (ISO Country code) SAU St. Ambrose University (Davenport, IA) SAU Spring Arbor University (Spring Arbor, Michigan) ) - Subsequent to a news release dated July 4th, 2005, the Corporation wishes to announce that it has made a decision to suspend, until further notice, investigations on the Olon Ovoot gold project. The Company requires additional evaluation and discussion regarding the project that need to be clarified and assessed before it can proceed with a formal agreement with the Mongolian partner Mongol Gazar ga·zar n. A loosely woven silk with a crisp finish. [Probably ultimately from Arabic qazz, raw silk; see gauze.] LP. The Corporation is continuing to investigate other precious and base metal projects as potential investment targets. Simberi Gold Corporation is a junior resource company focused on the exploration and acquisition of developed low cost precious and base metal projects internationally. The Corporation's objective is to aggressively explore the potential for investing in a number of precious and base metal properties with the aim to become a metal producer. This press release includes certain "Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin" loonie dollar - the basic monetary unit in many countries; equal to 100 cents unless otherwise noted. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of this news release. Simberi Gold Corporation (TSX VENTURE:SAU) |
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